Legal Dictionary: Business & Commercial Law

DEFINITION

• Commercial Law deals with the sale and distribution of goods, the financing of credit transactions and negotiable instruments.

• Most aspects of Commercial Law are governed by the Uniform Commercial Code (UCC), where adopted by the states, and applicable state and federal law.

• The UCC is a uniform law that covers commercial transactions, including the sale of goods, secured transactions and negotiable instruments.

• Most states have adopted all or part of the UCC into their own state statutes.

• Business Law deals with overlapping issues, but also encompasses the forming of business entities (corporations, partnerships, joint ventures and limited liability companies).

• Business Law also generally includes business litigation and advice on such issues as shareholder rights, commercial leasing, consumer protection, mergers and acquisitions, and contracts.

FIND A BUSINESS & COMMERCIAL LAW PRACTITIONER IN YOUR AREA.

More information on Businesses and the Law

RELATED PRACTICE AREAS

Taxation Law
Employment Law -- Employer
Contract Law

BUZZWORDS

• Acquisition
• Consumer Protection
• Joint Venture
• Limited Liability Company
• Merger
• Negotiable Instruments

For more business law definitions, visit the Small Business Law Glossary in the FindLaw Legal Dictionary.